If someone were to take out a lot of cash from the bank, there are reporting requirements the bank has to follow. If someone were to take out smaller amounts of cash in order to avoid the reporting thresholds, there are other reporting requirements.
If someone is laundering dirty cash, from selling drugs for example, then the money is not being withdrawn from a bank, so my point still stands. If this were actually about preventing money laundering, then they would have forced similar regulations (KYC at point of spending) on cash transactions a long time ago, given that cash continues to be the dominant platform for money launderers and has laundered trillions of dollars more than bitcoin. This isn't about money laundering - it's about governments trying to exercise control over what they see as a threat to their easily manipulated fiat monetary system.
I shit you not, all the gift card providers in my region give such insane markup price, i might as well just use my credit card for it. Hoping for it to change. Cries in pain.
What a nightmare. Any possibility of buying a pre-paid mastercard or similar with bitcoin and using that instead?